Exness has become a global Forex company and has users all over the world. Therefore, it is a very popular company, but Forex.com is also a global Forex company. Which one is better for actual use?
Exness company information
Founded in 2008, Exness is a world-famous Forex brand with a global presence. Multinational corporate group with official financial licenses in multiple countries, including European and international subsidiaries and affiliates. As of April 2022, it boasts a transaction size of over $2,105 trillion.
What is Forex.com?
Forex.com is one of the oldest Forex companies in the world founded in the 1990s and was founded in the USA. For that reason, the main users are in North America, but because it is a very famous Forex company, many users are also registered in Australia and Japan.
Exness Reviews and Reputation
FPA is the world’s largest FX company word-of-mouth site. Exness has a rating of 3.139, 529 Reviews as of 2023. You can see that they are getting pretty good reviews. Exness is very popular for its contracting power and good support. In particular, support is available in multiple languages, starting with English, so it can be used in a wide range of areas around the world, so you can see that it is quite highly rated.
Distribution of registered users by country and region
Exness is a global Forex company. Therefore, we know that there are users all over the world. I collected reviews and reputations of TradersUnion, a review site that reviews FX companies and virtual currency exchanges around the world.
Exness is a well-known Forex company with many users in Thailand, Southeast Asia, South Asia, South America and Africa.
Source : TradersUnion
Forex.com is dominated by the United States, more than half of the total. Other than that, there tends to be a lot of users in Africa. Others will be users from Japan, Russia, and Canada.
Exness VS Forex.com
|Company||Nymstar Limited||GAIN Capital Group LLC|
|License||FSA, CySEC, FCA||FCA, CySEC, CIMA, IIROC, NFA, CFTC|
FSA, CFTC, MAS
|Trade Method||STP/ECN||NDD STP|
|Trade Instruments||Forex pair|
(Raw Spread Account)
|Max Position||Unlimited||$5 million|
|Deposit/withdrawal method||Bank Transfer|
Exness is licensed by the UK Financial Conduct Authority and operates under fairly strict regulations, so you can rest easy. FCA has to clear a very high hurdle, so you can be very relieved.
With Exness, the maximum leverage is 2000 times, so you can trade with high leverage and there is no limit on the maximum number of positions, so the degree of freedom is quite high. Forex.com is also highly leveraged and can be traded at 400x.
Loss cut level
In Exness, the loss cut is set at 0%, which shows that the trader has a high degree of freedom. On the other hand, 0% may result in a total loss, so it will be necessary to pay attention to the trader’s discretion.
There are very few bonuses or promotions at Exness. On the other hand, spreads are notoriously tight. Forex.com also has no bonuses.
I compared the standard account of Exness and the standard account of FXTM. Obviously, Exness has tight spreads, so if you want to trade short term, I recommend it. Forex.com has tighter spreads because there are no bonuses, but they are wider than Exness.
Number of stocks handled
Exness has a large number of exchanges, even covering exotic currency pairs. In addition, there are many other stocks such as precious metals, energy, and virtual currencies. Forex.com has a better selection of stocks than Exness.
|Forex Currency pair||〇||〇|
Open a free account
You can open an account with Exness for free. Since there is no risk, you can easily open an account. If you are interested, the following article summarizes the method and procedure for opening an account, so please refer to it.